Earnings Estimates Moving Higher for Mercadolibre (MELI): Time to Buy? – Tale of the Tape

These positive earnings estimate revisions suggest that analysts are becoming more optimistic on MELI’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that Mercadolibre could be a solid choice for investors.

Current Quarter Estimates for MELI

In the past 30 days, 2 estimates have gone higher for Mercadolibre while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing/narrowing from 56 cents a share 30 days ago, to 62 today, a move of 10.7%.

Current Year Estimates for MELI

Meanwhile, Mercadolibre’s current year figures are also looking quite promising, with 2 estimates moving higher in the past month, compared to no lower. The consensus estimate trend has also seen a boost for this time frame, increasing/narrowing from $2.24 per share 30 days ago to $2.74 per share today, an increase of 22.3%.

Bottom Line

The stock has also started to move higher lately, adding 27.1% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #1 (Strong Buy) stock to profit in the near future.

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